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BUSINESS
September 13, 1988 | States News Service
American Telephone & Telegraph Co. boosted its stake in Sun Microsystems Inc. a Mountainview, Calif., computer manufacturer to 9.7%, according to a filing with the Securities and Exchange Commission. AT&T will be required to buy 883,402 newly issued common shares of Sun Microsystems Inc. for nearly $42 million under an agreement with the computer maker. AT&T bought the shares between May 23 and Aug. 26.
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BUSINESS
January 17, 2008 | From the Associated Press
Sun Microsystems Inc.'s deal to buy open-source software company MySQL for $1 billion deepens Sun's bet that its road to prosperity lies in distributing free software that generates hefty maintenance fees and could sell more servers. The acquisition, announced before U.S. markets opened Wednesday, gives Santa Clara, Calif.-based Sun a foothold in the rapidly expanding market for database software for Web-based companies.
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BUSINESS
April 28, 2006
Sun Microsystems Inc.'s Jonathan Schwartz, who was named chief executive this week, will receive annual base pay of $1 million and options on 2 million shares that will vest over five years. Schwartz also is eligible for a $2-million annual bonus.
BUSINESS
November 6, 2007 | From the Associated Press
Sun Microsystems Inc. swung to a first-quarter profit that matched Wall Street's expectations Monday, marking the server and software maker's first full year in the black since the dot-com meltdown. Bolstered by stronger sales of its high-end servers and improved cost controls, the Santa Clara, Calif.-based company's net income for the three months ending Sept. 30 was $89 million, or 3 cents a share, matching the average estimate of analysts surveyed by Thomson Financial.
BUSINESS
September 1, 2001 | Reuters
Network computer maker Sun Microsystems Inc. said it will launch a new high-end server with its UltraSPARC III microchip Sept. 26. Chief Operating Officer Ed Zander will unveil the machine for reporters and analysts in New York, the company said. That puts Sun on the calendar slightly before competitor IBM Corp., which is due to launch its next-generation Unix-based server, known as Regatta, in the fourth quarter. Sun's new server will fill out a line of products based on the new chip.
BUSINESS
December 16, 2003 | From Associated Press
Sun Microsystems Inc. and its units are paying $291,000 in fines to settle allegations that the computer giant exported computers to China that were used for military purposes, the Commerce Department said. Santa Clara, Calif.-based Sun is one of the best-known technology firms to be fined in a Commerce Department crackdown on illegal exports. The agency's Bureau of Industry and Security is conducting about 1,500 investigations into illegal exports.
BUSINESS
July 10, 2002 | Associated Press
Sun Microsystems Inc., in a sign of the dearth of interest among institutional investors for Silicon Valley property, sold its former headquarters in Palo Alto to a Jewish community group. Sun sold the 256,000-square-foot office building and 12 acres to Jewish Community for Life. Terms weren't disclosed. Sun said it sold the property as part of a plan to consolidate facilities and cut costs.
BUSINESS
January 25, 2006
Server and software maker Sun Microsystems Inc. posted a larger-than-expected loss in its fiscal second quarter but saw revenue grow as a result of recent acquisitions. For the three months ended Dec. 25, the company lost $223 million, or 7 cents a share, contrasted with a profit of $4 million, or break-even per share, in the same period of its previous fiscal year. Sales increased 17% to $3.34 billion from $2.
BUSINESS
September 13, 2007 | From the Associated Press
Sun Microsystems Inc. will begin building servers with onetime foe Microsoft Corp.'s Windows operating system installed directly in them, instead of forcing customers to install the ubiquitous software on their own or defect to a competitor for one-stop shopping. The agreement announced Wednesday is the latest twist in a truce the companies, once bitter rivals, hammered out in 2004, when Sun pocketed $1.
BUSINESS
August 24, 2007 | From Times Staff and Wire Reports
Sun Microsystems Inc., the world's third-largest maker of server computers, said Thursday that it would change its ticker symbol on the Nasdaq Stock Market to JAVA from SUNW, effective Monday. The new ticker reflects Sun's 12-year-old Java programming language, which is available free. Santa Clara, Calif.-based Sun created Java to let developers write software that can run on different devices and operating systems. There are 6 million Java developers, and the language is used in 5.
BUSINESS
August 16, 2007 | From the Associated Press
Two years after announcing a somewhat vague software distribution partnership, Google Inc. and Sun Microsystems Inc. have clarified their tactics for jointly attacking Microsoft Corp. and its ubiquitous Office software. Google has begun including Sun's StarOffice suite of word processing, spreadsheet and other workplace-oriented programs for free as part of the Google Pack download.
BUSINESS
August 8, 2007 | From Times Wire Services
Productivity climbed at a slower-than-expected pace in the second quarter as the highest year-on-year jump in U.S. labor costs in seven years restrained its growth and kept inflation worries alive. The Labor Department reported that productivity, the gauge of how much any given worker can produce in an hour, rose at a 1.8% annualized pace in the second quarter. That was somewhat slower than Wall Street economists had expected and came on the heels of a 0.
BUSINESS
July 31, 2007 | From Times Wire Services
Sun Microsystems Inc. posted a fiscal fourth-quarter profit that beat Wall Street's expectations as the server and software maker benefited from lower expenses and increased adoption of its open-source operating system. Shares jumped more than 10%. Sun said it earned $329 million, or 9 cents a share, for the quarter ended June 30. That contrasts with a loss of $301 million, or 9 cents, a year earlier. Revenue was $3.84 billion, a slight increase from the $3.
BUSINESS
April 25, 2007 | From Bloomberg News
Sun Microsystems Inc. posted a second straight quarterly profit on job cuts and demand for services. Sales fell short of analysts' estimates, sending the shares lower. Third-quarter net income was $67 million, or 2 cents a share, compared with a loss of $217 million, or 6 cents, a year earlier, Santa Clara, Calif.-based Sun said. Revenue rose 3.3% to $3.28 billion, below the $3.41-billion average estimate of analysts surveyed by Bloomberg.
BUSINESS
January 24, 2007 | From the Associated Press
Sun Microsystems Inc. returned to solid profitability Tuesday after years of red ink, easily exceeding Wall Street's tepid expectations thanks to the growing popularity of its corporate computers and its newest operating system. But many analysts remained wary of the notoriously cyclical company. They say Wall Street will be convinced of Sun's turnaround only when it posts healthy profit for at least two consecutive quarters.
BUSINESS
January 23, 2007 | From the Associated Press
Sun Microsystems Inc. will build a line of servers that run on chips from Intel Corp. and will receive Intel's endorsement of Sun's Solaris operating system, both companies said Monday. The long-term alliance, announced by Sun Chief Executive Jonathan Schwartz and Intel CEO Paul Otellini, is seen as a sizable victory for both companies as they fend off rivals in the high-margin server market.
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